Report of the Committee to recommend measures for curbing mis-selling of financial products

Image by Katrina.Tuliao licensed under CC2.0

Image by Katrina.Tuliao licensed under CC2.0

The Ministry of Finance recently released a Report prepared by a Committee to recommend measures for curbing mis-selling and rationalising distribution incentives in financial products . The remit of the study undertaken for the Report was to analyse the incentive structures of various financial investment products and suggest measures for ensuring the protection of consumers. Bearing in mind the inferences from the study, the Report makes specific recommendations in the context of product structures, costs, commissions and necessary disclosures for the benefit of the consumers.

Vidhi provided research assistance to the Committee constituted to draft the Report.